The Canada Mortgage and Housing Corporation has announced that it will be increasing mortgage insurance premiums as of May 1, 2014. The increase to policies will amount to approx 15% on average, translating to approx $10/month for a borrower with a 95-per-cent loan-to-value (LTV) ratio and a loan of $500,000. The increase will therefore be.. read more →

TREB – Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year. “Despite the continuation of inclement weather in February, we did see.. read more →

With the world economy becoming less volatile, the Canadian economy doing well overall (even with <and in some sectors because of > the falling Loonie), people feeling largely secure in their jobs, and interest rates remaining historically low, now is a good time for many to buy a home….but is it the right time for you?.. read more →